Vistin Pharma - M&A Activity 2017

Vistin Pharma ASA : Sale of Opioids and CMO business completed

Oslo, Norway, 2 October 2017

Norwegian pharmaceutical company Vistin Pharma ASA ("Vistin Pharma") announced

today that the Company has successfully completed the sale of its opioids and

tablet manufacturing business (CMO) to TPI Enterprises Limited ("TPI").

Reference is made to the stock exchange announcements on 11 July and 13 July.

TPI has paid a provisional cash consideration of NOK 159.5 million, which will

be adjusted for changes in inventory between the time of signing the sales and

purchase agreement and the completion date. The transaction is expected to have

a positive net cash effect of NOK 140 - 150 million, before any transaction

costs.

Following the sale, Vistin Pharma is a pure play metformin producer, with a

strong position in the global metformin market and with significant growth

ambitions. Metformin is used as the 1(st) line treatment of diabetes 2, a

disease which is expected to grow by 50% towards 2030, and affect more than 500

million people. The global market for metformin is expected to grow by four to

five percent per annum and Vistin Pharma is attractively positioned to capture

part of this growth.

For further information, please contact:

Kjell-Erik Nordby

CEO

+47 91 36 42 80

Gunnar Manum

CFO

+47 95 17 91 90

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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